Sampling and non-sampling error:

Question

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Answer 1

Question

Chapter 5.4, Problem 17E

a:

To determine

Sampling and non-sampling error:

a:

Expert Solution

Explanation of Solution

Sampling error refers to the inaccuracy in the prediction about the population that arises through the procession of sample information. This error occurswhen the sample failed to represented the population.

Non-sampling error refers to the inaccuracy that occurs due to the mistake that happens during the selection of observation or acquiring the information.

b:

To determine

Serious error:

b:

Expert Solution

Explanation of Solution

If there is a sampling error, then it can be rectified by increasing the sample size. But, the non-sampling error cannot be rectified by increasing sample size or through other methods. The mistake can be rectified by doing the analyses from the beginning. Thus, non-sampling error is the serious one.

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Answer question 2 only.

1. A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate fund, and the third is a (riskless) T-bill money market fund that yields a rate of 8%. The probability distributions of the risky funds have the following characteristics: Standard Deviation (%) Expected return (%) Stock fund (Rs) 20 30 Bond fund (RB) 12 15 The correlation between the fund returns is .10.

Answer 2

Question

Chapter 5.4, Problem 17E

a:

To determine

Sampling and non-sampling error:

a:

Expert Solution

Explanation of Solution

Sampling error refers to the inaccuracy in the prediction about the population that arises through the procession of sample information. This error occurswhen the sample failed to represented the population.

Non-sampling error refers to the inaccuracy that occurs due to the mistake that happens during the selection of observation or acquiring the information.

b:

To determine

Serious error:

b:

Expert Solution

Explanation of Solution

If there is a sampling error, then it can be rectified by increasing the sample size. But, the non-sampling error cannot be rectified by increasing sample size or through other methods. The mistake can be rectified by doing the analyses from the beginning. Thus, non-sampling error is the serious one.

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Answer 3

Question

Chapter 5.4, Problem 17E

a:

To determine

Sampling and non-sampling error:

a:

Expert Solution

Explanation of Solution

Sampling error refers to the inaccuracy in the prediction about the population that arises through the procession of sample information. This error occurswhen the sample failed to represented the population.

Non-sampling error refers to the inaccuracy that occurs due to the mistake that happens during the selection of observation or acquiring the information.

b:

To determine

Serious error:

b:

Expert Solution

Explanation of Solution

If there is a sampling error, then it can be rectified by increasing the sample size. But, the non-sampling error cannot be rectified by increasing sample size or through other methods. The mistake can be rectified by doing the analyses from the beginning. Thus, non-sampling error is the serious one.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 5.4, Problem 17E

a:

To determine

Sampling and non-sampling error:

a:

Expert Solution

Explanation of Solution

Sampling error refers to the inaccuracy in the prediction about the population that arises through the procession of sample information. This error occurswhen the sample failed to represented the population.

Non-sampling error refers to the inaccuracy that occurs due to the mistake that happens during the selection of observation or acquiring the information.

b:

To determine

Serious error:

b:

Expert Solution

Explanation of Solution

If there is a sampling error, then it can be rectified by increasing the sample size. But, the non-sampling error cannot be rectified by increasing sample size or through other methods. The mistake can be rectified by doing the analyses from the beginning. Thus, non-sampling error is the serious one.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 5.4, Problem 17E

a:

To determine

Sampling and non-sampling error:

a:

Expert Solution

Explanation of Solution

Sampling error refers to the inaccuracy in the prediction about the population that arises through the procession of sample information. This error occurswhen the sample failed to represented the population.

Non-sampling error refers to the inaccuracy that occurs due to the mistake that happens during the selection of observation or acquiring the information.

b:

To determine

Serious error:

b:

Expert Solution

Explanation of Solution

If there is a sampling error, then it can be rectified by increasing the sample size. But, the non-sampling error cannot be rectified by increasing sample size or through other methods. The mistake can be rectified by doing the analyses from the beginning. Thus, non-sampling error is the serious one.

Answer 6

Chapter 5.4, Problem 17E

a:

To determine

Sampling and non-sampling error:

a:

Expert Solution

Explanation of Solution

Sampling error refers to the inaccuracy in the prediction about the population that arises through the procession of sample information. This error occurswhen the sample failed to represented the population.

Non-sampling error refers to the inaccuracy that occurs due to the mistake that happens during the selection of observation or acquiring the information.

Answer 7

Chapter 5.4, Problem 17E

a:

To determine

Sampling and non-sampling error:

Answer 8

a:

Expert Solution

Explanation of Solution

Sampling error refers to the inaccuracy in the prediction about the population that arises through the procession of sample information. This error occurswhen the sample failed to represented the population.

Non-sampling error refers to the inaccuracy that occurs due to the mistake that happens during the selection of observation or acquiring the information.

Answer 9

a:

Expert Solution

Answer 10

a:

Expert Solution

Answer 11

Expert Solution

Answer 12

b:

To determine

Serious error:

b:

Expert Solution

Explanation of Solution

If there is a sampling error, then it can be rectified by increasing the sample size. But, the non-sampling error cannot be rectified by increasing sample size or through other methods. The mistake can be rectified by doing the analyses from the beginning. Thus, non-sampling error is the serious one.

Answer 13

b:

To determine

Serious error:

Answer 14

b:

Expert Solution

Explanation of Solution

If there is a sampling error, then it can be rectified by increasing the sample size. But, the non-sampling error cannot be rectified by increasing sample size or through other methods. The mistake can be rectified by doing the analyses from the beginning. Thus, non-sampling error is the serious one.